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Public governance as the source of quality and variety gains from transition

机译：公共治理是转型带来的质量和多样性收益的来源

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摘要

Two economies, a centrally planned economy (CPE) and a post-transition regulated mixed-market economy (RMME), are modeled in a static general equilibrium setting that allows for trade-offs among the quantity, quality, and variety of production. Equilibria in these economies are determined by the quality of public governance. In the transition from a CPE to a RMME, quality improvements and an increasing variety of production matter more than output volumes. Our model indicates that improvements in public governance, which are connected to a successful political transformation, facilitate such changes. This result is compatible with the view that the post-transition output path can be accounted for by observable initial conditions and liberalization policies. However, both are completely determined by the quality of governance in the pre-transition and post-transition states.
机译：在静态的一般均衡设置中对两个经济体（中央计划经济（CPE）和过渡后监管的混合市场经济（RMME））进行建模，可以在生产的数量，质量和种类之间进行权衡。这些经济体中的均衡取决于公共治理的质量。在从CPE过渡到RMME的过程中，质量的提高和越来越多的生产变得比产量更为重要。我们的模型表明，与成功的政治转型相关的公共治理的改善促进了这种变革。此结果与以下观点兼容：可以通过观察到的初始条件和自由化政策来解释过渡后的输出路径。但是，两者都完全由过渡前和过渡后状态的治理质量决定。

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